Accruit, LLC, a financial technology company specializing in escrow and 1031 exchange services has expanded its service offering with the addition of Digital Vault, a secure cloud storage application that facilitates the protection of digital assets for clients while allowing restricted access to interested parties under predetermined conditions.

“With Digital Vault, we simultaneously ensure the security of our clients’ property and controlled access in the event of bankruptcy or failure to meet the terms of agreements between multiple parties,” said Accruit President and COO Karen Kemerling, Ph.D. "We’re excited about Accruit’s continued evolution in the FinTech marketplace. Our roadmap for this product includes expansion into other types of digital assets such as patents, blueprints and cryptocurrency.”

Accruit’s current clients use Digital Vault for storage and escrow of their technical documents, software source code and license keys. Separate access controls are provided for each licensor’s vault and, after the licensor uploads their digital property, licensees are notified of the updated deposit and given access to the vault to view the secure deposit